IAC will include operations associated with its ticketing business, including Ticketmaster; electronic-retailing business such as HSN; and financial services and real estate, including LendingTree. It also will include Internet services like Citysearch, Evite and Match.com.

Diller will remain chairman and CEO of IAC, along with serving as chairman of Expedia, AP reported. Dara Khosrowshahi -- whom the company previously said would become president and CEO of IAC Travel -- will serve as CEO of Expedia.